Insider Selling: Dutch Bros Inc. (NYSE:BROS) Major Shareholder Sells 107,307 Shares of Stock

Dutch Bros Inc. (NYSE:BROS) major shareholder Dm Individual Aggregator, Llc sold 107,307 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $36.26, for a total value of $3,890,951.82. Following the sale, the insider now owns 650,995 shares of the company’s stock, valued at approximately $23,605,078.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Dm Individual Aggregator, Llc also recently made the following trade(s):

• On Wednesday, March 13th, Dm Individual Aggregator, Llc sold 102,292 shares of Dutch Bros stock. The shares were sold at an average price of $34.28, for a total transaction of $3,506,569.76.

Dutch Bros Price Performance

BROS stock traded up $0.28 during midday trading on Friday, reaching $34.54. The company had a trading volume of 471,959 shares, compared to its average volume of 2,203,325. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.29 and a quick ratio of 1.98. Dutch Bros Inc. has a 1 year low of $22.67 and a 1 year high of $38.41. The company has a market capitalization of $6.12 billion, a P/E ratio of 192.57, a P/E/G ratio of 5.45 and a beta of 2.43. The firm has a 50-day moving average price of $32.31 and a 200-day moving average price of $29.98.

Dutch Bros (NYSE:BROS) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Dutch Bros had a net margin of 1.21% and a return on equity of 1.99%. The business had revenue of $254.12 million during the quarter, compared to analysts’ expectations of $254.80 million. On average, research analysts anticipate that Dutch Bros Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dutch Bros

Institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in shares of Dutch Bros in the 1st quarter valued at $26,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Dutch Bros in the 4th quarter valued at $40,000. Avior Wealth Management LLC boosted its stake in shares of Dutch Bros by 1,610.7% in the 4th quarter. Avior Wealth Management LLC now owns 1,283 shares of the company’s stock valued at $41,000 after purchasing an additional 1,208 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Dutch Bros by 41.8% in the 4th quarter. Allworth Financial LP now owns 1,598 shares of the company’s stock valued at $51,000 after purchasing an additional 471 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Dutch Bros by 31.1% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 2,490 shares of the company’s stock valued at $79,000 after purchasing an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 85.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wedbush upped their price objective on Dutch Bros from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. TD Cowen upgraded shares of Dutch Bros from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $46.00 in a report on Friday, May 10th. Guggenheim reiterated a “neutral” rating and issued a $30.00 target price on shares of Dutch Bros in a research note on Friday, April 5th. Barclays boosted their target price on shares of Dutch Bros from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Dutch Bros from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.33.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.